Nigerian Exchange Group and key capital market stakeholders have expressed readiness to support the planned listing of Dangote Fertiliser Limited on the Exchange.

The development followed a recent visit by the board and management of NGX Group, alongside other market stakeholders, to the Dangote refinery and fertiliser facilities in Lagos.

Group Managing Director and Chief Executive Officer of NGX Group, Temi Popoola, said the Exchange can mobilise capital for large-scale projects.

“In 2024 alone, Nigerian investors deployed over N2tn into the banking sector. With Dangote Fertiliser’s listing, we’re poised to replicate this success, providing the infrastructure and liquidity to drive industrial growth,” he said.

Also, the Chief Executive Officer of Nigerian Exchange Limited, Jude Chiemeka, said the listing will reflect the Exchange’s ability to attract significant transactions.

“This listing will showcase NGX’s ability to attract transformative deals. Our market’s depth, transparency, and investor base ensure seamless execution,” Chiemeka said.

President of Dangote Group, Aliko Dangote, said the fertiliser business has strong growth prospects, with projected daily revenue of $20 million and long-term earning potential of $70bn.

He said,”With projected revenues of $20 million daily and a cumulative earning potential of $70 billion, this listing will offer investors dollar-denominated returns and long-term value.”

He said the listing would offer investors dollar-denominated returns and contribute to Nigeria’s broader economic growth plans.

Additionally, Chairman of NGX Group, Umaru Kwairanga, said Dangote’s contribution to the capital market has been consistent, noting his role in supporting the development of the Exchange.

The delegation included the chief executives of Central Securities Clearing System, NGX Regulation, Lagos Commodities and Futures Exchange, as well as representatives from the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria.